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Hello everyone!
This is my short report, based on wave, cycle and sentiment analysis.
At first we should look at the wave count chart. Eurousd is in the wide triangle pattern since 2008.
The current wave of that pattern is e of the minute degree. The mid- long-term target is 1.48. So it's bullish.
It's bullish on short-term too, because the U.S. dollar is going to show a weekly cycle's low (eurusd high) in 3- 4 week (look a chart).
Sentiment indicates a coming bullish trend. There are more than 95% of bears according to daily surveys, too much for falling.
This is my short report, based on wave, cycle and sentiment analysis.
At first we should look at the wave count chart. Eurousd is in the wide triangle pattern since 2008.
The current wave of that pattern is e of the minute degree. The mid- long-term target is 1.48. So it's bullish.
It's bullish on short-term too, because the U.S. dollar is going to show a weekly cycle's low (eurusd high) in 3- 4 week (look a chart).
Sentiment indicates a coming bullish trend. There are more than 95% of bears according to daily surveys, too much for falling.
